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Castell Project INC FY2020 filing

Atlanta, GAUnknown exempt organizationEIN 81-4388182Revenue $157K in FY2020

On file with the IRScastellproject.org1111 Rosedale Drive Ne · Atlanta, GA

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Leadership training and benchmark research to improve diversity in hospitality industry leadership.

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $37K a year · 27% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
37 mo
of spending, in cash
Looks good: 36.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$157K
Spent
$71K
To programs
84%
Net assets
$207K
By yearFY2020–FY2022
Revenue
$157K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$157K
FY2021$218K
FY2022$36K
Expenses
$71K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$71K
FY2021$279K
FY2022$172K
Net assets
$207K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$207K
FY2021$148K
FY2022$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $60K Management & general 5% · $4K Fundraising 11% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Fern Kanter
Director
$0Pt VII · Sec A
Talene Staab
Director
$0Pt VII · Sec A
Kirk Kinsell
Director
$0Pt VII · Sec A
Chris Daly
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Castell Project INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves hospitality leadership diversity through training and research.

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Provided by the organization

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3 programs · $50K · in their own filed words · FY2020
01

300. Training: Develop training programs for executive women in the hospitality industry leading to upper level careers.

$21Kprogram expense
02

500. @ College: Bring panels of executive women to colleges and universities to expose college students to high level careers in many facets of the industry and explain that strong careers deliver strong resources for families.

$20Kprogram expense
03

600. Research: Benchmark statistical reporting

$8Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2019
Fidelity Investments Charitable Gift FundFY2019$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$157K
Ln 12
Gifts and grantsLn 1h$156K
Investment incomeLn 3$1K
Money outPt IX
$71K
Ln 25
Programscol B$60K
Managementcol C$4K
Fundraisingcol D$8K
Owns and owesPt X
$207K
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$219K
LiabilitiesLn 26$12K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$156K
Investment incomeLn 3$1K
Total revenueLn 12$157K
Assets in detailPt X, end of year
CashLn 1$219K
Cash and savings togetherLn 1–2$219K
Total assetsLn 16$219K
LiabilitiesLn 26$12K
Net assetsLn 32$207K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$121K$219K
Total assetsLn 16$121K$219K
LiabilitiesLn 26$0$12K
Net assetsLn 32$121K$207K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$2K$2K$626
Legal feesLn 11b$932$70$862
Accounting feesLn 11c$1K$694$750
Professional fundraising feesLn 11e$7K$7K
Other fees for servicesLn 11g$11K$10K$170$188
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$47K$47K
Information technologyLn 14$550$550
Total functional expensesLn 25$71K$60K$4K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $36K$172K−$136K$0 990 PDF
FY2021 $218K$279K−$61K$148K 990 PDF
FY2020 Viewing $157K$71K$86K$207K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $157,436 revenue, 12 lines filed
I-8 Contributions and grants$156,300
I-9 Program service revenue$0
I-10 Investment income$1,136
I-11 Other revenue$0
I-12 Total revenue$157,436
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$6,800
I-17 Other expenses$64,677
I-18 Total expenses$71,477
I-19 Revenue less expenses$85,959
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $157,436 across 4 lines filed
VIII-1f All other contributions, gifts and grants$156,300
VIII-1h Total contributions, gifts and grants$156,300
VIII-3 Investment incomeRelated to mission $1,136$1,136
VIII-12 Total revenueRelated to mission $1,136 · Unrelated business $0 · Excluded from tax $0$157,436
Part IX · Statement of functional expenses $71,477 across 8 lines filed
IX-11a Management feesManagement $1,723 · Fundraising $626$2,349
IX-11b Legal feesPrograms $70 · Management $862$932
IX-11c Accounting feesPrograms $694 · Management $750$1,444
IX-11e Professional fundraising feesFundraising $6,800$6,800
IX-11g Other fees for servicesPrograms $10,333 · Management $170 · Fundraising $188$10,691
IX-12 Advertising and promotionPrograms $1,431$1,431
IX-13 Office expensesPrograms $47,280$47,280
IX-14 Information technologyPrograms $550$550
IX-25 Total functional expensesPrograms $60,358 · Management $3,505 · Fundraising $7,614$71,477
Part X · Balance sheet $219,303 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $120,964$219,303
X-16 Total assetsStart of year $120,964$219,303
X-17 Accounts payable and accrued expenses$12,380
X-26 Total liabilitiesStart of year $0$12,380
X-27 Net assets without donor restrictionsStart of year $120,964$206,923
X-32 Total net assets or fund balancesStart of year $120,964$206,923
X-33 Total liabilities and net assetsStart of year $120,964$219,303
Part XI · Reconciliation of net assets $206,923 net assets at year end
XI-1 Total revenue$157,436
XI-2 Total expenses$71,477
XI-3 Revenue less expenses$85,959
XI-4 Net assets at start of year$120,964
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$206,923

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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